Office Building with Fenced
For Sale
$400,000
1024 S CYPRESS Street, Hammond, LA 70403
Commercial Sale, Hammond, LA
Property Size1,553 SF
Lot Size0.18 Acres
Price / SF$257.57
Days on Market323
Property Features for 1024 S CYPRESS Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COM
Parking features
Off Street
Standard status
Active
APN
01534106
Size
1,553 SF
Lot size
0.18 Acres
Additional Details
Tenant in Place
Yes
Property Use
Office
Taxes and HOA fees
Tax Description
LOT 4-5-18 & LOT MEAS 75 X 103.08 FT LOCATED ON W SIDE OF LOTS 4-18 GEYSER PLACE ADD HMD B504 P398 B685 P461 B703 P24 B1644 P615 B1656 P851 MAP 708/405 1644/615
Legal Description
LOT 4-5-18 & LOT MEAS 75 X 103.08 FT LOCATED ON W SIDE OF LOTS 4-18 GEYSER PLACE ADD HMD B504 P398 B685 P461 B703 P24 B1644 P615 B1656 P851 MAP 708/405 1644/615
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1943
Listing Agency:
Keller Williams Realty Serv.
(985) 727-7000
Listed By:
William Joshua Frederick · License #912124137
(985) 215-3100
Added: Dec 4, 2025
Changed: Oct 23
Last Checked: Oct 23 at 3:06PM
MLS# 2533431
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,553-square-foot office building dates to 1943 and contains three offices, a conference room, a break room, two bathrooms, and a storage room. A fenced laydown yard is also part of the property, which occupies 0.18 acres and is zoned COM. One office is currently rented.
The property is at 1024 S Cypress Street in Hammond, approximately minutes from downtown. Off-street parking is available, with public water and sewer service and natural gas available.
The property is at 1024 S Cypress Street in Hammond, approximately minutes from downtown. Off-street parking is available, with public water and sewer service and natural gas available.
Key Highlights
- 1,553‑square‑foot office building on 0.18 acres
- Three offices, conference room, break room, two bathrooms, and storage
- Fenced laydown yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,412
Cap Rate
5.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$468,240
$468.2K
Cap Rate 7%
$334,457
$334.5K
Cap Rate 9%
$260,133
$260.1K
Market Conditions
NOI Build-Up for 1,553 SF
Gross rent
$36.3K $23.40/SF
− Vacancy
−$5.1K −$3.30/SF
EGI
$31.2K $20.10/SF
− OpEx
−$7.8K −$5.03/SF
NOI
$23.4K $15.08/SF
Area
Tangipahoa County, LA
Vacancy
14.10%
Lease Rate
$23.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$468,240
Cap Rate 7%
$334,457
Cap Rate 9%
$260,133
Alternative Uses
Best Use
Office B
$334.5K
$292.7K – $390.2K
NOI $23,412 @ 7.0% cap · market cap 5.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$428.1K
$374.6K – $499.5K
NOI $29,968 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
428
Businesses Nearby
Explore this area
Business Placement
Demographics for 70403, LA
29,737
Population
13,577
Households
2.2
Avg Household Size
37
Median Age
24%
College-Educated
84%
High-School Grad
42.3 sq mi
ZIP Area
703
Density / Sq Mi
$50,547
Median Household Income
$32,603
Median Earnings
$992
Median Rent
$207,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A three-office layout includes a conference room, break room, two bathrooms, and storage.
Where is this office building located?
The property is located at 1024 S CYPRESS Street Hammond, LA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 1,553‑square‑foot office building on 0.18 acres; Three offices, conference room, break room, two bathrooms, and storage; Fenced laydown yard
